Reduce Your Taxes with an IRA Rollover GiftMargaret was a retired librarian. She volunteered at her favorite charity several times a week and also made several donations to the charity each year. Margaret saw that her taxes were increasing and wondered how she could continue to do extra things like make charitable gifts with lower income.
I started looking at ways to save money and reduce my taxes. I talked to my favorite charity and learned that I could reduce my income and my taxes by transferring money directly from my IRA to charity.
Margaret called her IRA custodian and requested a transfer of $10,000 from her IRA directly to our organization.
Is an IRA rollover gift right for you?
Have you calculated what your IRA required minimum distribution will be this year and how it will affect your taxes? If you have questions about how you can benefit from an IRA rollover, please feel free to contact us.
*Please note: The name and image above are representative of a typical donor and may or may not be an actual donor to our organization.